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Tuesday, March 21, 2023

CVB Financial Corp. (CVBF) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for CVB Financial Corp. (CVBF) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $19.23. The CVB Financial Corp. has recorded 23,083 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Citizens Business Bank Again Ranked Best Bank in America by Forbes.

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Stocks Info

CVB Financial Corp. is listed on the NASDAQ in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $19.23 and fluctuated between $20.35 as its day high and $19.03 as its day low. The current market capitalization of CVB Financial Corp. is $2.66B. A total of 2.03 million shares were traded on the day, compared to an average of 807.49K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CVBF has seen 7 BUY and 12 SELL insider trades, representing the acquisition of 75,074 and the disposition of 19,039 shares. Over the last 12 months, there were 18 BUYs and 34 SELLs from insiders. Insiders purchased 121,651 shares during that period but sold 69,095.

In the most recent transaction, Farnsworth David F bought 1,000 shares of CVBF for 20.76 per share on Mar 13. After the transaction, the EVP & CCO now owns 41,392 company shares. In a previous transaction on Mar 10, Harvey David C bought 1,000 shares at 21.60 per share. CVBF shares that EVP Chief Operating Officer owns now total 90,128.

Among the insiders who bought shares, Nicholson E Allen acquired of 1,000 shares on Mar 10 at a per-share price of $21.49. This resulted in the EVP & CFO holding 79,271 shares of CVBF after the transaction. In another insider transaction, Brager David A. bought 1,000 shares at $21.18 per share on Mar 10. Company shares held by the President & CEO now total 122,463.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. CVB Financial Corp. pays an annual dividend of $0.80, resulting in a dividend yield of 4.16%, and it has a price to earnings (P/E) ratio of 11.46. CVBF’s most recent ex-dividend date was 12/28/2022 when it declared a $0.20 quarterly dividend that was paid in cash on 1/13/2023. Previously, the company paid the dividend on 10/20/2022 with an ex-dividend date of 10/4/2022. The CVBF stock dividend was $0.20 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CVBF in the last 3 months, the mean price target is $27.42 with high estimates of $30.00 and low estimates of $25.00. In terms of 52-week highs and lows, CVBF has a high of $29.25 and a low of $16.99.

As of this writing, CVBF has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.44. The company reported an EPS of $0.46 in the last quarter, which was 4.50% higher than expectations of $0.44.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVBF is Overweight with a score of 3.33. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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